Dec 18, 2019
Fiat Chrysler and PSA confirm merger deal
Fiat Chrysler and rival PSA Group, owner of Peugeot and Vauxhall, have confirmed a $50bn merger deal. The deal is Fiat Chrysler's second attempt at a merger this year. The merger of Fiat Chrysler and France's PSA is expected to be completed within the next 12 to 15 months. Fiat Chrysler has denied the allegations, claiming that General Motors was trying to disrupt its merger plans. On Wednesday, Fiat Chrysler's boss Mike Manley said the lawsuit had not affected the terms of the merger.
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